Settings8H · net · $10k
Funding arb · Price arb /

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0152%/8h= −16.6% APRnext payment $0.19 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against Lighter−0.411%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.411% cheaper against Lighter than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000BONK0.0000036450.0256pay 0.0032% / 1h47m 28s$254K$738K10x
ShortExtended 1000BONK-USD0.0000036300.0104get 0.0013% / 1h47m 28s$24K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$31.92
Price spread: −0.411% → 0.000%
−$41.15
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$78.07
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 43 min ago; Extended: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 43 min ago1.42 bp18.2 bp −$1837.3 bp −$373doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0016%1h0.000003634−0.302%$45K$53K50xas long as short
dYdX BONK-USD0.0000%1h0.000003636−0.236%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003630−0.409%$25150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−10.178%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003632−0.359%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003646+0.027%$52K$120K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003632−0.360%$61K$301K10xas long as short
Pacifica kBONK+0.0100%1h0.000003638−0.192%$121K$133K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003632−0.359%$18.7M$77.0M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003633−0.324%$12.3M$23.7M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BONK-USDT-SWAP+0.0100%8h0.000003632−0.357%$3.0M$13.1M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003630−0.412%$1.0M$3.2M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003630−0.412%$11.6M$8.7M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003630−0.414%$3.0M$10.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003628−0.466%$4.6M$4.3M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003633−0.329%$5.0Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003625−0.551%$339K$146Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003631−0.384%$61K$705K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003626−0.521%$31K$52K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003651+0.165%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003646+0.027%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003650+0.137%$104K$130K30xas long as short
Extended 1000BONK-USDshort+0.0104%1h0.000003630−0.411%$24K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003643−0.055%$4K3xas long as short
BloFin 1000BONK-USDT+0.0111%4h0.000003631−0.384%$1.1M$19.0M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.2801%1h0.000003000−17.695%$400100xas long as short
Lighter 1000BONKlong+0.0256%1h0.000003645long leg$254K$738K10x
Deribit 1000BONK_USDC-PERPETUAL+0.0299%1h0.000003647+0.055%$20K$155K10xas long as short
Hyperliquid kBONK+0.1222%1h0.000003638−0.192%$12.0M$7.3M10xas long as short
Backpack kBONK_USDC_PERP+0.1613%1h0.000003650+0.137%$56K$24K10xas long as short
Kraken Futures PF_BONKUSD+0.2953%1h0.000003657+0.316%$225K$219K50xas long as short